Small Cap Finance Stock Soars 8.21% After Q2 Profit Rises 36.91%, Declares Dividend

Small cap stock from the finance sector Manappuram Finance Ltd shares jumped 8.21% at 10:07 am today after the company reported its profit for the quarter jumped by 36.91% year-on-year (YoY) to Rs 560.65 crore as against Rs 409.49 crore for the corresponding quarter of last year. The board of directors of Manappuram Finance also declared an interim dividend of Rs.0. 85 (Eighty-Five Paise Only) per equity share of the face value of Rs 2. Check details below:

Manappuram Finance Declares Interim Dividend: According to the BSE filing of the company issued on November 13, 2023, "declaration of interim dividend of Rs.0. 85 (Eighty-Five Paise Only) per equity share of face value Rs.2." The company fixed November 24,2023 as record date to ascertain the entitlement of interim dividend among the shareholders and Dividend/Dividend warrants shall be paid or dispatched on or before December 12,2023.

Manappuram Finance Stock Performance & Return: Current market price of Manappuram Finance share on BSE is Rs 152.15 per share with intraday gain of 8.21%. The stock's 52-week high price is Rs 156.55 per share and 52-week low price is Rs 101.15 per share, respectively. The company has a market capitalisation of Rs 12,878.50 crore.

Manappuram Finance shares soared 12% in last 2-weeks, gained 39% in last 6-months, jumped 31% in last 1-year, witnessed a decline of 22% in last 2-years, and gained 75% in last 5-years.

Manappuram Finance About: Manappuram Finance Ltd is one of India's leading gold loan NBFCs. Over the last six years, the company has diversified into new business areas like microfinance, vehicle and housing finance, and SME lending. In February 2015, the company acquired Asirvad Microfinance Pvt. Ltd. with AUM a little short of Rs. 3,000 million. Today, six years of its takeover, AUM has around Rs. 60,000 million, according to its official website.

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